The DPEX acquisition will provide over A$30 million in revenue and is expected to be EPS accretive in year one.

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Trading Update

The company also advised in a trading update, while operating profit before interest and tax for the current half year is currently expected to be up by between five and ten per cent on the same period last year, trading conditions have recently softened across some parts of the business in Australia and continue to be challenging in New Zealand.

Lower customer volumes are having an impact on the non-express parts of the business in particular.

Offsetting the lower volumes in Australia and New Zealand, we have seen stronger trading performances from the Toll Global Logistics and Toll Global Resources businesses.

Toll Global Forwarding is also beginning to see improving volumes and the benefits of recent acquisitions.